Latest Fintech News


Facebooks rumoured cryptocurrency gets a name, white paper and launch date

Libra currency has already received millions in investment from names such as Mastercard, Uber and Spotify Facebook is to launch a smartphone-based cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal. The currency is known as Libra, which the social network says it has “no special role” in governing and will… Read More


UK tech investment in fine health, fintechs flourishing

Despite growing scrutiny over the strength of its economy, the UK remains a safe bet for venture capital  A new report from trade organisation Tech Nation shows the UK is outperforming other European countries in terms of tech investment. Fintechs are the standout performers, attracting £4.5bn of funds between 2015 and 2018 – establishing the… Read More


Tencent and Ant Financial latest firms to be awarded virtual banking licenses in Hong Kong

Industrial & Commercial Bank of China and Xiaomi also awarded licenses by Hong Kong’s financial regulator The race to disrupt Hong Kong’s traditional banking sector is heating up with four new major companies winning licenses to create virtual banks in the city. The latest players to be granted licenses are Tencent Holdings Ltd., Ant Financial,… Read More


Lloyds, Halifax and RBS/NatWest online services resolved after outage

Lloyds Banking Group and RBS/NatWest had problems with online and mobile banking on Monday, but the banks later said services were running normally Two major banking groups have apologised after some customers struggled to access their online accounts at the start of the new working week. Some customers with Lloyds Banking Group, which includes Halifax,… Read More


NatWest piloting biometric card payments with 200 customers

The bank said it is piloting biometric fingerprint technology with 200 customers, potentially signalling the end of Chip & Pin NatWest customers will be able to verify card payments using the touch of a finger in a trial taking place in the coming weeks. The bank said it is piloting a “cutting edge” biometric fingerprint bank… Read More


Revolut shores up cyber defences with new hacking unit

The fintech start-up is looking to hire a team that will hack into its IT system and search the dark web for potential threats Revolut is recruiting a team of hackers to strengthen its cyber defences as the bank continues its rapid growth. The start-up fintech firm is looking to recruit five computer experts that… Read More


Why are financial firms neglecting back office IT?

Prioritisation of customer experience is leaving financial firms exposed to systems failures and data breaches Glorious mobile experiences provided by challenger banks such as Monzo have redefined customer expectations and put pressure on incumbent financial firms to improve their outward facing tech. But spending by financial services firms on customer-friendly interfaces is coming at the expense of… Read More



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